video Finance Videos
Wall Street's gains pared by Trump move
Wednesday, August 16, 2017 - 01:26
Stocks closed flat after U.S. President Donald Trump said he's disbanding two advisory councils. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Wall Street pared its gains Wednesday, closing flat, after U.S. President Donald Trump said he's disbanding two advisory councils. That move came after two more CEOs resigned from his manufacturing council after his comments on the weekend violence in Charlottesville. Earlier, surprisingly positive earnings from two retailers had driven the markets higher. CFRA Research investment strategist Lindsey Bell: SOUNDBITE: LINDSEY BELL, INVESTMENT STRATEGIST, CFRA RESEARCH, (ENGLISH) SAYING: "Target had a great report this morning and last night, Urban Outfitters kind of bucking the trend. The overall basket for retail in general has been quite mixed. Department stores did pretty poorly. Home Depot did well but that wasn't reflected in the stock market. But today, Target is definitely a driving force." Urban Outfitters shares shot significantly higher after the apparel retailer's declining quarterly profit and sales beat analysts' estimates. Target reversed four quarters of falling comparable sales and lifted its profit target for the fiscal year. But Amazon shares eased. U.S. President Donald Trump tweeted without evidence that the e-commerce giant was doing "great damage" to tax paying local retailers. In economics news, housing starts unexpectedly fell in July. Construction of single and multi-family homes declined. Minutes from the last Federal Reserve meeting suggest policymakers are worried about weak inflation. In Europe, a rally in mining and oil stocks drove markets higher.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Wall Street's gains pared by Trump move
Wednesday, August 16, 2017 - 01:26
Top News »
Sun, 17 Feb, 2019 - (2:04)
Sun, 17 Feb, 2019 - (2:04)
Sat, 16 Feb, 2019 - (1:19)
Sun, 17 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (0:55)
Sat, 16 Feb, 2019 - (1:09)
Fri, 15 Feb, 2019 - (1:03)
Fri, 15 Feb, 2019 - (1:45)
Fri, 15 Feb, 2019 - (1:59)
Fri, 15 Feb, 2019 - (0:59)
Fri, 15 Feb, 2019 - (1:56)
Editors' Picks »
Fri, 15 Feb, 2019 - (1:55)
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Thu, 14 Feb, 2019 - (1:15)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Tue, 12 Feb, 2019 - (1:38)
Business »
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (1:06)
Fri, 15 Feb, 2019 - (1:52)
Fri, 15 Feb, 2019 - (6:42)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:43)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (4:04)
Fri, 15 Feb, 2019 - (1:40)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (1:40)
Featured Videos
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
VR app brings South Africa's fossils to your phone
Excavation sites at the famous Cradle of Humankind can now be explored by visitors using a free mobile virtual reality app
Technology »
Fri, 15 Feb, 2019 - (1:20)
Fri, 15 Feb, 2019 - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Tue, 05 Feb, 2019 - (1:37)
Tue, 05 Feb, 2019 - (1:43)
Entertainment »
Sun, 17 Feb, 2019 - (2:08)
Sun, 17 Feb, 2019 - (2:09)
Sun, 17 Feb, 2019 - (1:05)
Sun, 17 Feb, 2019 - (1:02)
Sun, 17 Feb, 2019 - (1:45)
Sun, 17 Feb, 2019 - (0:45)
Sat, 16 Feb, 2019 - (0:56)
Sat, 16 Feb, 2019 - (1:12)
Fri, 15 Feb, 2019 - (1:24)
Fri, 15 Feb, 2019 - (2:20)
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (2:00)
Sports And Leisure »
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Tue, 12 Feb, 2019 - (1:19)
Mon, 11 Feb, 2019 - (1:25)
Mon, 11 Feb, 2019 - (1:20)
Mon, 11 Feb, 2019 - (0:43)
Oddly Enough »
Sun, 17 Feb, 2019 - (0:50)
Fri, 15 Feb, 2019 - (0:42)
Fri, 15 Feb, 2019 - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Thu, 14 Feb, 2019 - (1:26)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)